St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-05
1xrE. THE UNDERSIGNED. CITIZENS AND

ME. TIE UNDERSIGNED, CITIZENS AND
w residents of the City of ST. Paul, in the
County of Ramsey and State of Minnesota. do
hereby associate ourselves together as, and for a
body corporate under and pursuant to title one of
chapter thirtyfour of the Statutes OF the State of
Minnesota, and for that purpose we have and do
hereby adopt and execute the following Articles of
Incorporation:
First-The name OF this corporation shall be the
METROPOLITAN and Suburban Railway company.
The general nature of the business of said cor
poration shall be the acquiring of. constructing,
equiPping and operating lines or railroad of the
standard and narrow gauge. and propelled by
steam and other power. within the counties of
Ramsey and Dakota, in the State of Minnesota,
and in conducting thereon and Herewith q gen.
erai transportation business for the transportation
or passengers and freight for hire between any and
all the towns cities and villages in said countless
and through and in and about said towns, cities
and villages.
The principal place of business of said corpora
ton shall be the City of st. Paul. in the County Of
Ramsey and State of Minnesota.
Second-The time of the commencement of this
corporation shall be the first Monday in May, A.
D. 1887, and said corporation shall continue for
fifty years thereafter
Third-The amount of the capital stock Of said
corporation shall be the sum of one million dol
lars, and shall be paid in at such times and in
such manner the Board of Directors of said
corporation shall designate
Fourth-The highest amount of indebtedness or
naDllty to which said corporation shall at any
time be subject shall be five hundred thousand
dollars
Fifth-The names and places of residence of
the persons forming This association and incor-
poration are: Maurice Auerbach. residing at the
city OF st. Paul, county of Ramsey Minnesota;
Albert Scheffer, residing at the city of St. Paul,
county OF Ramsey, Minnesota; l.. II. Maxfeld,
residing at the city of ST. Paul, county OF Ram.
sey, Minnesota; Paul Martin, residing at the city
OF ST. Paul, county OF Ramsey, Minnesota;
George l.. Beardsly, residing at the city of ST.
Paul, county OF Ramsey, Minnesota, and Joseph
j. McCardy, residing at the city of ST. Paul
county OF Ramsey. Minnesota.
Sixth-The first five of the above-named persons
shall form the first Board of Directors of said cor
poration, and shall hold their offices for the term
OF one year and until the first annual election of
said corporation, which shall take place on the
first Monday of May in each year, commencing on
the first Monday of May, A. u. 1888.
The government of said corporation and the
management of its affairs shall be vested in said
Board OF five Directors and i'll a President, Vice
PRESIDENT, secretary, Treasurer ana General Man
ager, who shall be elected by said Board of D4rec-
tors from their number and who shall hold their
Offices for the term of one year from the time of
said election.
Said Board of Directors. after the first board
herein provided for shall be elected by the stock
holders of said corporation at the annual meeting
OF said corporation and all such officers and direc-
tors shall hold their offices until the election and
qualification of their successors.
Seyenth-The number and amount or shares of
the capital stock of said corporation shall be ten
thousand shares OF the par value of one hundred
dollars EACH
In testimony whereof the above named incor-
porators have hereunto set their hands and affixed
their seals at the CITY of ST. Paul, in the County
of Ramsey and State of Minnesota upon this 3Oth
day of April, A. d. 1887.
MAURICE AUERBACH, [seal1
ALBERT SCHEFFER, Seal.
LII. Manifold Seal
GEO. i. BEARDSLEY, [SeaL
PAUL MARTIN, Seal
JOSEPH j. NEARBY Seal
In presence Of
C. ID. O'BRIEN,
HENRY c. WOOD.